Chicago Partners Investment Group LLC Purchases 656 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Chicago Partners Investment Group LLC raised its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 8.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,893 shares of the company’s stock after purchasing an additional 656 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Grayscale Bitcoin Trust were worth $662,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in GBTC. Mutual Advisors LLC lifted its holdings in Grayscale Bitcoin Trust by 2.0% in the 4th quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock worth $583,000 after purchasing an additional 146 shares in the last quarter. Synovus Financial Corp raised its holdings in shares of Grayscale Bitcoin Trust by 0.8% during the 3rd quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock worth $1,058,000 after acquiring an additional 169 shares in the last quarter. Flagstar Advisors Inc. raised its holdings in shares of Grayscale Bitcoin Trust by 2.7% during the 3rd quarter. Flagstar Advisors Inc. now owns 7,472 shares of the company’s stock worth $377,000 after acquiring an additional 196 shares in the last quarter. Cornerstone Wealth Management LLC raised its holdings in shares of Grayscale Bitcoin Trust by 5.5% during the 4th quarter. Cornerstone Wealth Management LLC now owns 4,324 shares of the company’s stock worth $320,000 after acquiring an additional 224 shares in the last quarter. Finally, Atticus Wealth Management LLC raised its holdings in Grayscale Bitcoin Trust by 18.7% during the 4th quarter. Atticus Wealth Management LLC now owns 1,723 shares of the company’s stock valued at $128,000 after buying an additional 271 shares during the period.

Grayscale Bitcoin Trust Stock Performance

NYSEARCA:GBTC opened at $80.17 on Tuesday. The stock’s fifty day moving average is $78.35 and its 200 day moving average is $62.17. Grayscale Bitcoin Trust has a fifty-two week low of $37.73 and a fifty-two week high of $86.11. The firm has a market capitalization of $40.94 billion, a PE ratio of 2.29 and a beta of 1.25.

About Grayscale Bitcoin Trust

The Grayscale Bitcoin Trust (GBTC) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is passively managed, offering exposure to the daily USD spot price of bitcoin (BTC). An investment in the fund is not a direct investment in bitcoin. GBTC was launched on Jan 11, 2024 and is issued by Grayscale.